you know, guys who are making millions in private equity and hedge funds, they're paying lower rate. >> well, look, when it comes down to it, this whole notion of raising taxes on the rich, who is the rich? well, there are some democrats that say it's a million dollars. gregg: right. >> some say it is a half a million dollars. some say it is 250. all of this said, there's a great deal of ambiguity about it. what we're saying is, you're going to raise rates. if you do, you will raise rates on job producers, on job create, on the s-corporations, pass through entities that i represent in suburban chicago. gregg: sure. >> you raise those rates at the time moving into this i have a pullback in terms of economic activity. so it is time for the bumper stickers to set aside. gregg: even if you raise rates on the rich only talking about 7% debt in the deficit of $1.1 trillion and debt of 16 trillion. so marginally doesn't make a difference. peter roskam, thanks very much.